With the Fed futures illustrating a near 80% probability that the central bank may raise US rates in December, this relief rally
in Gold may offer an opportunity for bearish investors to send the yellow metal towards $1050 and possibly lower.
The US Federal Reserve's decision to keep interest rates at historic lows predominantly triggered a relief rally
across the emerging financial and currency markets.
But still there will be nervousness and people thinking if this will be small and a relief rally
," Khokhar said, adding "there are some structural issues that are coming to the fore.
But sentiment that had spurred a relief rally
on Greece's endorsement of a controversial bailout rescue package was fading.
3 percent drop in Volvo shares and a halt to a Greece-driven relief rally
stymied European shares, meanwhile, while a 1.
Should the "yes" camp triumph, we're likely to see a minor relief rally
, though this will probably be short lived as investors sober up to the ongoing realities of Greece's situation as the need for a further signifi-cant bailout becomes clearer.
Crude futures rose right after the Opec decision on a relief rally
after the losses of the past two days.
It's almost a relief rally
you're seeing here today,'' said Bill Schultz, chief investment officer at McQueen, Ball & Associates in Bethlehem, Pa.
Any oil relief rally
is likely to be limited and short-lived, barring a major outage.
The relief rally
in Europe was led by a handful of larger German stocks, with many DAX-listed firms having been hard hit by the crisis in Ukraine.
The relief rally
was supported by a dip in US bond yields, which edged back from the previous session's two-year high to 2.
The important comments from FED chairman Ben Bernanke about the continuation of highly accommodating policies delivered the spark for the relief rally